£35 a night Tune Hotel coming to Waterloo instead of easyHotel

Work is under way to convert the former Lambeth Building Society HQ into a 79-room hotel. It will be the first UK branch of the far-eastern Tune Hotels chain rather than easyHotel as previously announced.

Tune Hotels currently operates low-cost hotels in Malaysia and Indonesia and has ambitious expansion plans. The chain claims to offer a 5-star experience at a 1-star price.